Analysis of India’s commerce ministry data shows the US accounted for roughly 20% of Indian exports in the 12 months to July, largely unchanged despite a year of punitive tariffs imposed by US president Trump. US duties on Indian goods peaked at around 50% before being reduced to 18% in February and currently sit at 10%. India has pursued trade diversification through new agreements with other partners, but no bilateral trade deal with the US has been signed after months of high-level talks.